Obama went into reasoning how the past was filled with inequality that is affecting many people as the top ten percent rich takes more than a third of the country's riches and housing while the poor are not advancing at all. And comparing now to today how the gap between rich and poor has increasingly grown. Back to ethos, Obama refers to the pope saying that the economy is more important and appears in the news even though two points were just lost in the stock market. But that if an elderly person died nothing was announced considering human life less than the economy. And then starts to say that increasing inequality because those born without anything is expected to climb up to the top when they have nothing to support himself up.
General view: The market of LIH has made many forward strides and is currently serving low income, families. The gap among potential need and supply side is staggering, against a required necessity of 13 -15 million units for the household which earns between the following range i.e. INR 10,000 – 25,000 per month. For the supply side to increase the finance and housing, it is needed to address challenges in existing business environment. But, the gap alone cannot be taken by players so a need to attract low income consumers are necessary.
Youth unemployment in few recent years has been increased because of the low foreign and domestic investment. Due to the security risks people are hesitant in investing businesses that also have caused an increase in the unemployment. Some of the young people can be without jobs due to the frictional unemployment. The theories of unemployment put forward this idea that some school leavers are expected to remain unemployed for the sake of finding suitable jobs. Youth unemployment can also be an outcome of the business cycle.
Vietnam is a labor intensive country where their workforce is willing to work long hours for lower wages. This developing country falls under stage two of this theory where companies set up mass production in assembly lines due to the advantages of the country that is mainly low labor costs. According to Lee and Folkmanis (2013), LG stated in an email that Vietnam has a young and increasingly well-educated workforce. Furthermore, a factory worker’s monthly base salary is only US$145 in Hanoi and US$148 in Ho Chih Minh whereas it is US$466 in Beijing and US$449 in Shanghai (JETRO, 2013). The cheaper costs for labor attracts many foreign investors and well known brands to set up manufacturing plants in Vietnam as opposed to China in order to take advantage of low labor costs to reduce the cost of production and also defend their profit
What is unemployment? Unemployment occurs when a person who is actively searching for unemployment is unable to find work. It is often used as a measure of the health of the economy. The most frequently cited measure of unemployment rate. The Unemployed are those of age 15 and above who satisfy the following criteria: without work and has no form of salary is currently available for work and seeking work.
These flowers are big business for Kenya. The sector is now the fastest growing in the Kenyan economy, outpacing Kenya's traditional hard currency earners tea and tourism which bringing new employment opportunities for the unemployed. Women in particular have benefited from these opportunities, and now comprise between 65-75 percent of workers employed in the industry (GOK, 2007). However, floriculture being a relatively new industry in this country, not so much research on the health status of the workers in this industry has been carried out. This means that the morbidity pattern of the workers in floriculture industry may not be known therefore unavailable for proper planning of the health needs of these workers.
Over the past few years, researches have been carefully examining the ways that foreign workers impact to the economy of the country. The United Nations (2004) world survey reported the number of international migration has been increasing greatly from 82 million in 1970 to approximately 175 million people by the year 2000, regardless of the fact that most countries restrict immigration. A very large number of individuals seek to migrate to other countries due to the “pull factor” in the hope of findings better job opportunities, higher salaries, to improve their qualifications, including their language skills and most importantly, to improve their living standard. As Brunei Darussalam has a small population of 400,000
A major development challenges facing development countries like Tanzania, particularly urban authorities, is the rapid growth of the urban population as a result of migration and natural growth as well as its consequences in terms of pollution and deteriorating urban environment. Apart from rapid population growth and poverty, Informal Sector can be attributed to unemployment and slow growth of wage employment. As the economy’s capacity to absorb labour continues to trail behind the growth of the labour force, an increasing number of workers, mainly the urban poor, find jobs and incomes in the “urban Informal Sector”. In other words, its roots lie in the weak capabilities of formal institutions (government and modern private sectors) to provide employment, productive resources and sufficient infrastructure for a dynamic and growing
According to Nadeem Hussain - CEO, Tameer Bank, “The single largest need of the low income segment is access to capital which they need to create or enhance their business. In the world of microfinance as little as Rs. 10,000 [$95] can make a difference in the quality of life of a borrower.” What sets these businesses back is lack of capital or funds to expand their businesses. Hence, many such businesses either remain small or they shut down at a high rate. When entrepreneurial activity flourishes, the entire society benefits in the form of increased growth.
According to Daily News Egypt (2013)70.8% of the total unemployed are Egyptian youth. In any case, unemployment will start to rise in relentlessly and this won 't offer the Egypt’s economy some assistance with getting better. More youthful people have a tendency to have more issues discovering employments and this guides the unemployment, the more youthful people more often than not have absence of experience and after that they can 't discover occupations, thus they can 't win the correct experience to get better employments. Therefore, it is vital to study the reasons of unemployment in order to be able to understand this problem with its causes and effects. The main causes for unemployment in Egypt are the rapid changes in technology, increase of population and lack of proper education and training, as well as its effect on society and